This passage from KaosPilot A-Z reinforces what I and others have said about entrepreneurship outside the US.
In the US it’s no catastrophe if your company goes bust. On the contrary. If you have the right enterprising approach to life it’s almost expected that you’ve been through a bankruptcy or two – if you really want to make something of yourself. In Scandinavia the exact opposite is true. If an entrepreneur’s company goes bust the entrepreneur in question is branded as risky business by their bank, friends, partners and maybe even their family. And you need more than good persuasive talents if you want a second chance.
The entry goes on to talk about how the school is trying to create an environment where students can succeed and fail.